Industrial Condo Investment
1750 Longleaf Boulevard Lake Wales, FL 33859
1750 Longleaf Boulevard, Lake Wales, FL, 33859
Contact for pricing
For Sale
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Leased industrial condo in Polk County, long-term government tenant.
Property Size7,976 SF
Price / SF$206.87
Days on Market66
Property Features for 1750 Longleaf Boulevard
General Information
- Standard status
- Active
- Size
- 7,976 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2007
Listing Agency
Millenia Partners
(407) 430-3462
Listed by
Ashley Walker · License #FL SL3375578
Source
Crexi
Added: May 14 Checked: Jul 17 at 8:25 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Millenia Partners
Investment Insights
Based on property information with market context.
This single-unit industrial condo, comprising Suites 7, 8 & 9, is available for investment sale. The combined unit measures approximately 7,976 square feet and is fully leased to the Florida State Fire Marshal, a State of Florida government tenant that has been in place since 2006. The unit is part of a four-condo industrial building located at 1750 Longleaf Boulevard. The other three units are under separate ownership and are also being sold. The property is zoned for light industrial, warehouse, manufacturing, and business park uses. The location offers regional access via US-27 (with an Average Annual Daily Traffic count of 25,769) and is near SR-60 (with an Average Annual Daily Traffic count of 27,000), making it suitable for distribution, manufacturing, or logistics operations. The surrounding area is populated with industrial users.
Key Highlights
- Fully leased to the Florida State Fire Marshal since 2006, providing stable, government‑backed income
- Combined 7,976 SF +/- industrial condo unit, offering substantial space
- Located in a well‑established industrial corridor in Polk County
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.8k | $8.50 |
| − Vacancy | −$5.3k | −$0.66 |
| EGI | $62.5k | $7.84 |
| − OpEx | −$9.4k | −$1.18 |
| NOI | $53.1k | $6.66 |
7,976 SF · lease $8.50/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$759.0K
$664.2K – $885.5K
NOI $53,132 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,169 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
City Electric Supply ...
Building Supply
TruGreen Lawn Care
Landscaping
Dave Dangan
Physician
Joseph Koloc
Physician
Florida State Fire ...
Fire Station
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FAQs
What type of property is this?
Warehouse - Leased industrial condo in Polk County, long-term government tenant.
Where is this warehouse located?
The property is located at 1750 Longleaf Boulevard Lake Wales, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Fully leased to the Florida State Fire Marshal since 2006, providing stable, government‑backed income; Combined 7,976 SF +/- industrial condo unit, offering substantial space; Located in a well‑established industrial corridor in Polk County
